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we cover elections, not economics generally, but ronald reagan was re-elected with a 7.2% because he said it was the morning in america. optimism was what he sold. he was able to say 7.2% is great news, great news. he got re-elected with 49 states. he lost minnesota and the district of columbia with 7.2%. what should obama get with 7.8%? it seems like it's within the range there and everybody is pooh-poohing it and, oh, geez. i know why jack welch is scared, that number is too damn close to reagan's number. >> i think how this works with the president's narrative is that we're moving in the right direction, don't change -- you know, don't change horses, don't go back to a playbook that demonstrably didn't work, the george bush supply side stuff that he can legitimately tie to mitt romney. he had a narrative that said the economy is moving in the right direction, and i think this job report actually strengthens that narrative. and much more than levels of variables like the level of the employment rate, it's momentum that i think forms voters' views on the economy. >> i think it was i
we cover elections, not economics generally, but ronald reagan was re-elected with a 7.2% because he said it was the morning in america. optimism was what he sold. he was able to say 7.2% is great news, great news. he got re-elected with 49 states. he lost minnesota and the district of columbia with 7.2%. what should obama get with 7.8%? it seems like it's within the range there and everybody is pooh-poohing it and, oh, geez. i know why jack welch is scared, that number is too damn close to...
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the incumbent was ronald reagan and got his clock cleaned by mondale. trying to win the first debates against their challengers was 0-3. the next time an incumbent president is facing a challenger is 1992. the incumbent president is george h.w. bush. his major party challenger is a young man from arkansas. there's also this other guy with the big ears and it's the other guy with the big ears who wins the first debate. >> the day after, victory for perot. clinton hold his own. trouble for the president. there's no one scorecard for determining who won and who lost last night, but a consensus does seem to be emerging. ross perot, the star of the night because no one knew what to expect. bill clinton just good enough. and president bush, he'll have to do much better. >> by morning, what had been last night's analysis had become conventional wiwisdom. in the headlines. on the "today" show. >> clinton did what he had to do and bush did not. >> and in instant polls. >> those polls show the president finishing third among people who watched the first debate. >
the incumbent was ronald reagan and got his clock cleaned by mondale. trying to win the first debates against their challengers was 0-3. the next time an incumbent president is facing a challenger is 1992. the incumbent president is george h.w. bush. his major party challenger is a young man from arkansas. there's also this other guy with the big ears and it's the other guy with the big ears who wins the first debate. >> the day after, victory for perot. clinton hold his own. trouble for...
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ronald reagan made a deal with tip o'neil. it was for tax increases and spending control. >> hurt republicans when they ran for office, didn't it? >> they got the tax increases. they didn't get spending cuts. he got the tax increases ch he didn't get the spending cuts. >> do you think it was a governing mistake. if he gets elected president, is he going to regret that? >> i think the crisis we face financially is so severe that all the discussion of finances last night, you can fergs. we don't have the money to expand the military. we don't have the money you have to overhaul sos to keep it sound. >> he wants to spend more money in the military. do you think that's a mistake? >> the money isn't there. >> david, this is where the obama campaign wants to go. it's saying, yes, we lost on style. but romney made himself -- mean, senator, it's a complicated argument he's making on these issues. >> absolutely. and it's going to make sense after the the election. we're facing a fiscal cliff. all the consumers will come into play. and
ronald reagan made a deal with tip o'neil. it was for tax increases and spending control. >> hurt republicans when they ran for office, didn't it? >> they got the tax increases. they didn't get spending cuts. he got the tax increases ch he didn't get the spending cuts. >> do you think it was a governing mistake. if he gets elected president, is he going to regret that? >> i think the crisis we face financially is so severe that all the discussion of finances last night,...
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what i do is the same way tip o'neill and ronald reagan worked together when ronald reagan ran for office. he laid out the principles that he was going to foster. he said he was going to lower tax rates. he said he was going to broaden the base. you've said the same thing, you're going to simplify the tax code, broaden the base. those are my principles. i want to bring down the tax burden on middle income family, and i'm going to work together with congress to say, okay, what are the various ways we could bring down deductions, for instance? one way would be to have a single number. make up a number, 25,000, $50,000. anybody could have deductions up to that amount. and then that number disappears for high income people. that's one way one could do it. one could follow bowles-simpson as a model and take deduction by deduction and make differences that way. there are alternatives to accomplish the objective i have which is to bring down rates, broaden the base. simplify the code and create incentives for growth. and with regards to health care, you have remarkable details with regards to my
what i do is the same way tip o'neill and ronald reagan worked together when ronald reagan ran for office. he laid out the principles that he was going to foster. he said he was going to lower tax rates. he said he was going to broaden the base. you've said the same thing, you're going to simplify the tax code, broaden the base. those are my principles. i want to bring down the tax burden on middle income family, and i'm going to work together with congress to say, okay, what are the various...
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i believe in the ronald reagan approach -- if i can finish my answer, you should not feed the beast. let's put the beast on a diet and spend a little less money. >> did the department of homeland security, does that count as feeding the beast or not? >> i have no contract with the department of homeland security. one more try in an attack, doesn't work. never done a contract with the department of homeland security. don't have one planned. don't get any money from the government. >> sure. >> you can try all those attacks that you want. i do private business with private individuals. get no money from the government. want to try another one? >> mayor giuliani, if you're inviting it. the difference is that under mitt romney, rich people will pay a lot less in taxes than what they would pay under president obama, because president obama would let the bush tax cuts expire for higher earning individuals only. so rich people pay less under romney and more under obama. that is the ultimate answer, right? >> the ultimate answer is if either one get their proposals through. and one of the way
i believe in the ronald reagan approach -- if i can finish my answer, you should not feed the beast. let's put the beast on a diet and spend a little less money. >> did the department of homeland security, does that count as feeding the beast or not? >> i have no contract with the department of homeland security. one more try in an attack, doesn't work. never done a contract with the department of homeland security. don't have one planned. don't get any money from the government....
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when ronald reagan ran for office, he laid out the principles he was going to foster. he said he was going to lower tax rates. he said he was going to broaden the base. have you said the same thing, simplify the tax code, broaden the base. i want to bring down the tax burden on middle-income families. i will work with congress to say, what are the ways to bring down deductions? one way would be to have a single number -- make up a number, 25,000 -- 50,000, anybody can have deductions up to that amount. and that number disappears for high-income people. one could follow bowl etion-simpson and make deductions that way. there are alternatives to the objective i have, which is to bring down rate, broaden the base, simplify the code and create incentives for growth. with regard to health care, you have remarkable details with regard to my pre-existing plan. you studied up on my plan. i do have a plan for pre-existing conditions. what we did in massachusetts is a model for the nation -- state by state. i said that at that time. the federal government taking over health care
when ronald reagan ran for office, he laid out the principles he was going to foster. he said he was going to lower tax rates. he said he was going to broaden the base. have you said the same thing, simplify the tax code, broaden the base. i want to bring down the tax burden on middle-income families. i will work with congress to say, what are the ways to bring down deductions? one way would be to have a single number -- make up a number, 25,000 -- 50,000, anybody can have deductions up to that...
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think about ronald reagan. jimmy carter had a lot of great lines in his debate with ronald reagan in the 1980 debate, but ronald reagan kept saying there you go again. in 1984 walter mondale was beating ronald reagan. but reagan said i'm not going to let age be a determining factor, because my opponent is younger than me and less experienced than me. he used humor and well-timed phrases make a big difference in these debates. >> chris, joe raises an interesting point, the same point that matthew dowd raised in a national journal piece. in preparing for the debates, romney and president obama needs to remember that judgments on winning or losing are much more stylistic than substantive. the public isn't interested in getting more detail-specific policy, but in getting pointers about people on stage. when debates have moved in the numbers in the past, it's been result the impressions, mannerisms, style. is it going to be all about style trumping substance? >> he's partly right. he debates especially when you see
think about ronald reagan. jimmy carter had a lot of great lines in his debate with ronald reagan in the 1980 debate, but ronald reagan kept saying there you go again. in 1984 walter mondale was beating ronald reagan. but reagan said i'm not going to let age be a determining factor, because my opponent is younger than me and less experienced than me. he used humor and well-timed phrases make a big difference in these debates. >> chris, joe raises an interesting point, the same point that...
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what i do is the same way ronald reagan worked some years ago. he laid out the principles he was going to foster. he said he will lower tax rates. he said he would broaden the base. you have said the same thing. will simplify the tax code, broaden the base. i will work together with congress to say, ok, what are the various ways we can bring down deductions. one way would be to have a single number. make up a number. $25,000, $50,000. anybody could have deductions for that amount. that is one way that could do pt. one could follow bulls-ssmpson as a model. -- bowles-simpson as a model. simplify the code and create incentives for growth. with regard to health care, you have remarkable details with resort -- with regards to my pre-existing condition plan.+ you have obviously studied my plan. i do have a plan with people with pre-existing conditions. as part of my health care plan. what we did with massaccusetts is a model for the nation state by state. i said the federal government taking over the health care for the entire nation and whisking asid
what i do is the same way ronald reagan worked some years ago. he laid out the principles he was going to foster. he said he will lower tax rates. he said he would broaden the base. you have said the same thing. will simplify the tax code, broaden the base. i will work together with congress to say, ok, what are the various ways we can bring down deductions. one way would be to have a single number. make up a number. $25,000, $50,000. anybody could have deductions for that amount. that is one...
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. >> al gore: i think the single best line is when ronald reagan said i'm not going to make an issue of age and hold my opponent's age against him. great good humor, funny, but it ended the race. >> cenk: yeah to the point we were discussing earlier about substance, you know, one of the most memorable moments was when george hw bush looked at his watch. here we go. >> i'm jim lehrer and i welcome you to the first of the 2012 presidential debates between president barack obama, the democratic nominee, and form massachusetts governor mitt romney, the republican nominee. this debate as the next three, two presidential one vice presidential are sponsored by the commission on presidential debates. tonight's 90 minutes will be about domestic issues and will follow a format designed by the commission. there will be six roughly 15 minute segments. thousands of people offered suggestions on segment subjects but i made the final selections and for the record they were not submitted for approval to the commission or the candidates. the segments will be three on the economy and one each on healt
. >> al gore: i think the single best line is when ronald reagan said i'm not going to make an issue of age and hold my opponent's age against him. great good humor, funny, but it ended the race. >> cenk: yeah to the point we were discussing earlier about substance, you know, one of the most memorable moments was when george hw bush looked at his watch. here we go. >> i'm jim lehrer and i welcome you to the first of the 2012 presidential debates between president barack obama,...
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the way tip o'neil and ronald reagan worked together. ronald reagan laid out the principles he was going to foster, lower tax rates, broaden the base, you said the same thing. simplify the tax code, broaden the base. those are my principles, i want to bring down the tax burden on middle income families. i want to work with congress on bringing down deductions. we could have a single number, $25,000, $50,000, anybody can have deductions up to that amount. and then the deductions disappear after that you could follow bowles-simpson and do it deduction by deduction. we need to bring down rates, broaden the base, simplify the code and create incentives for growth. with regard to health care, you had remarkable details with regard to my preexisting condition plan. you studied up on my plan. i do deal with people with preexisting conditions, that's part of my health care plan. what we did in massachusetts is a model for the nation state by state. and i said tt at that time. the federal government, taking over health care for the entire nation,
the way tip o'neil and ronald reagan worked together. ronald reagan laid out the principles he was going to foster, lower tax rates, broaden the base, you said the same thing. simplify the tax code, broaden the base. those are my principles, i want to bring down the tax burden on middle income families. i want to work with congress on bringing down deductions. we could have a single number, $25,000, $50,000, anybody can have deductions up to that amount. and then the deductions disappear after...
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bush did and what ronald reagan did. >> there is one element of truth. did the deduction side. the truth is the entire thing is up to congress. the president proposes the notion of the way that he should go. the side thea that he can stand up there and not tell anyone in america what he will veto if congress tries to do their mortgage deduction is a complete altercation of it. >> in which what you are supposed to do as a president is tell the american people and i guess congress the popular part of what you would do but it would be overstepping to sell to them the tough parts required to make it work. and if the president isn't going to be able to go out and get support for the hard parts. the tax cut part, that is the easy bit. >> thank you for joining me tonight. >> coming up, paul ryan keeps saying it takes too long to explain the math of his budget plan. but i think joe biden will let him have all the time that he needs let's week and later it is mitt romney versus big bird and in the rewrite what really happened in that debate last night. [ female announcer ] with swiffer
bush did and what ronald reagan did. >> there is one element of truth. did the deduction side. the truth is the entire thing is up to congress. the president proposes the notion of the way that he should go. the side thea that he can stand up there and not tell anyone in america what he will veto if congress tries to do their mortgage deduction is a complete altercation of it. >> in which what you are supposed to do as a president is tell the american people and i guess congress the...
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. >> ronald reagan himself said. >> it doesn't work that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps signif
. >> ronald reagan himself said. >> it doesn't work that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using...
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what i do, the same way that tip o'neil and ronald reagan worked together some years ago. when ronald reagan ran for office, he laid out the principles that he was going to follow. he said he was going to lower taxes and broaden the base. you've said the same thing, those are my principles, i want to bring down the tax burden middle income families. i want to work together with congress. one way for instance would be to have a single number, make up a number. $25,000, $50,000. anybody can have deductions up to that amount. and then the number disappears for high-income people. one could follow bowles-simpson as a model. there are alternatives to accomplish the objective i have, which is to bring down rates, broaden the base, simplify the code and create incentives for growth. and with regards to health care you had remarkable detail with regards to my preexisting conditions plan. you've obviously studied up on my plan. in fact i do have a plan that deals with people with preexisting conditions. that's part of my plan. and what we did in massachusetts is a model for the nat
what i do, the same way that tip o'neil and ronald reagan worked together some years ago. when ronald reagan ran for office, he laid out the principles that he was going to follow. he said he was going to lower taxes and broaden the base. you've said the same thing, those are my principles, i want to bring down the tax burden middle income families. i want to work together with congress. one way for instance would be to have a single number, make up a number. $25,000, $50,000. anybody can have...
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. >> ronald reagan himself said. >> it doesn't work that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? follow the wings. neil: think of it as them symbols without the simpson were the simpson-bowles. there he tax increases that collectively shaved about $4 trillion over the next decade. that is the same plan that they all but had last year. and the automatic spending cuts that sink in as of now at the end of this year. here is what i find most striking. it is almost identical to the deck commission plan of the house and senate, all but relegated to collecting dust last year. no matter, at least they are entertaining series is now. the question now is who signs up? a big problem last year and i suspect it is election year and an even bigger problem last year. still, the election is not too far away and hope springs eternal for p
. >> ronald reagan himself said. >> it doesn't work that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? follow the wings. neil: think of it as them symbols without the simpson were the simpson-bowles. there he tax increases that collectively...
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that's not the way -- that ronald reagan negotiated. that's know the way i have ever negotiated. >> greta: you imagine president clinton, his name came up twice with president obama, using him as an example. should he -- is that a fair comparison, comparing himself with president clinton? >> well, as you know, president clinton has a very good approval rating. but to compare what he has done in our failure in this fiscal cliff and sequestration wees are facing to what president clinton did, after he lost in the off-year lec elections, he sat down with bob dole and newt gingrich and they reform welfare and put themselves on a path to a balanced budget. the same way that ronald reagan did with tip o'neill. they sat down and they negotiated. this president doesn't do that. and that's, in my view, something that has caused huge frustration amongst the american people. why last night he said, well... the reason why we don't go across the aisle is because have you to say no sometimes? is that the basis of it? i don't think so. >> greta: you k
that's not the way -- that ronald reagan negotiated. that's know the way i have ever negotiated. >> greta: you imagine president clinton, his name came up twice with president obama, using him as an example. should he -- is that a fair comparison, comparing himself with president clinton? >> well, as you know, president clinton has a very good approval rating. but to compare what he has done in our failure in this fiscal cliff and sequestration wees are facing to what president...
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ronald reagan did that, bill clinton did it. but this idea that we can't do it and certainly when pundits say further candidate should even touch it tomorrow night, that gets to the core of the problem. >>guest: that is exactly correct. this is the issue. all the issues that we are talking about in the economy are encompassed inside the national debt argument. you can get rid of the unfunded liabilities, as well, just the way we did with social security under ronald reagan by tending the age of retirement, by reducing benefits, by subjecting half of them to the income tax. there are lots of things you can do to bring this economy back and fairly quickly in two terms you could bring it back the way reagan did. >>neil: the fact is you cannot buy your way out it. you have to boom your way out of it. thank you, art. >> in washington, dc, talk of a plan to keep the government from going off an immediate fiscal cliff because if nothing is done, tax bill per household could jump an average of $3,500. now to washington, dc, with latest
ronald reagan did that, bill clinton did it. but this idea that we can't do it and certainly when pundits say further candidate should even touch it tomorrow night, that gets to the core of the problem. >>guest: that is exactly correct. this is the issue. all the issues that we are talking about in the economy are encompassed inside the national debt argument. you can get rid of the unfunded liabilities, as well, just the way we did with social security under ronald reagan by tending the...
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the big issue, big change began in 198 1980 that goes with the election of ronald reagan ronald reagan brought with them to washington a very underrated figure in a recent american history, somehow i don't think gets his due as an important person. that's edwin meese because edwin meese at first was in flash and then attorney general. said look, there has been a liberal agenda at the supreme court. there needs to be a conservative agenda at the supreme court. what was that agenda? expand executive power and end racial preferences, speed up execution, welcome religion into the public sphere, and above all, reverse roe v. wade and allow states once again to ban abortion. a big part of the reagan revolution was the arrival of washington of a group of young and committed conservative lawyers who wanted to work in that, on behalf of that agenda, who were two of the best and the brightest of that group? john roberts and samuel alito. 1970 -- in 1985, a memo at the solicitor general's office, alito wrote what can be made of this opportunity to advance the goal of bringing about the eventual o
the big issue, big change began in 198 1980 that goes with the election of ronald reagan ronald reagan brought with them to washington a very underrated figure in a recent american history, somehow i don't think gets his due as an important person. that's edwin meese because edwin meese at first was in flash and then attorney general. said look, there has been a liberal agenda at the supreme court. there needs to be a conservative agenda at the supreme court. what was that agenda? expand...
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reagan for that matter. onto the conspiracy theory, jared bernstein, we heard from him earlier, he told me also this doesn't deserve any oxygen at all but others keep piling on. are you surprised by these claims from prominent people, well-respected people in industry? >> well, there are two different sort of sets on the republican side here. one is the jack welch side, the steve forbes, the people who are promulgating this conspiracy. the others are the folks who are serious economists. you talk to jared bernstein on the left. but douglashall john mccain's former policy adviser says the same thing in a story this morning. elaine child the former george w. bush's labor secretary said the same thing. so serious republicans who understand that these are two totally different surveys, they sort of understand the process and the way bls works there's not really a conspiracy here. >> can i ask you? you've been around d.c. for a long time. has anyone ever questioned this number, any reason to be suspicious of the
reagan for that matter. onto the conspiracy theory, jared bernstein, we heard from him earlier, he told me also this doesn't deserve any oxygen at all but others keep piling on. are you surprised by these claims from prominent people, well-respected people in industry? >> well, there are two different sort of sets on the republican side here. one is the jack welch side, the steve forbes, the people who are promulgating this conspiracy. the others are the folks who are serious economists....
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the second is you basically have a bargain which ronald reagan had, which is i will lower the rates and eliminate various deductions to get down to that rate. the governor himself last night said one of the business tax deductions might well be the oil and gas tax deduction which might well disappear as a part of a process of getting to lower rates. so we've seen it done before. it was done in '86 by ronald reagan in a bipartisan manner, and i think that you would see the governor, who has worked with a very democratic legislature in massachusetts, be bipartisan but let me give you one minor example of why i think it's sometimes frustrating to get into who's telling the truth. there are no definitions by which donald trump is a small business. >> wait, wait, wait. >> none. >> can i jump in here? >> well, there is. >> he took all the time last time. >> if you're a saudi sheikh, technically donald trump's a small businessman. there's an example for you. >> before we move off of this, because i see what has happened here, is there's another sliding away. nobody's explaining how this $5 tri
the second is you basically have a bargain which ronald reagan had, which is i will lower the rates and eliminate various deductions to get down to that rate. the governor himself last night said one of the business tax deductions might well be the oil and gas tax deduction which might well disappear as a part of a process of getting to lower rates. so we've seen it done before. it was done in '86 by ronald reagan in a bipartisan manner, and i think that you would see the governor, who has...